At the end of 2017. Daimler AG, reported stockholders' equity of 64,023 million and total assets of

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At the end of 2017. Daimler AG, reported stockholders' equity of €64,023 million and total assets of €255.605 million. Its stockholders' equity at the end of 2016 was €57,950 million. Net income in 2017 was €10,525 million.

a. Calculate Daimler's return on equity ratio for 2017.

b. Calculate Daimler's debt-to-equity ratio as of December: 31, 2017.

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Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

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Question Posted: Oct 15, 2021 01:54 AM

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At the end of 2017. Daimler AG, reported stockholders' equity of 64,023 million and total assets of

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Financial Accounting

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